Business
Executive Director Option Awards
Executive Director Option Awards.
About this update from Frontier Developments Plc
[{"type":"text","content":"\n \nRNS Number : 8236G Frontier Developments PLC 01 June 2017 \n\n1 June 2017\nFrontier Developments plc\n(the \"Company\")\n \nExecutive Director Option Awards\n \nOn 30 May 2017, the Company awarded Alex Bevis, CFO and Company Secretary, a non-qualifying option over 300,000 new ordinary shares of 0.5 pence in the Company (\"Shares\") at an exercise price of 250 pence per share and on the same terms as the Company's qualifying Company Share Option Plan (approved by the board of directors of the Company on 25 November 2013). The award was made according to the terms of Mr Bevis's offer of employment, following successful completion of a probation period.\n \nOn 30 May 2017, the Company also made awards to each of the four Executive Directors (David Braben, David Walsh, Jonathan Watts and Alex Bevis) of an option over 7,389 Shares at an exercise price of 406 pence under the Company Share Option Plan.\n \nFollowing these grants, the number of Shares held under option by each of the Executive Directors is as follows: \n \n\n\n\n\nName of Director\n\n\nPosition\n\n\nNumber of Options awarded on 30 May 2017\n\n\nNumber of Options outstanding\n\n\n\n\nDavid Braben\n\n\nChief Executive Officer\n\n\n7,389\n\n\n307,389\n\n\n\n\nDavid Walsh\n\n\nChief Operating Officer\n\n\n7,389\n\n\n307,389\n\n\n\n\nJonathan Watts\n\n\nChief Creative officer\n\n\n7,389\n\n\n167,389\n\n\n\n\nAlex Bevis\n\n\nChief Financial Officer and Company Secretary\n\n\n307,389\n\n\n307,389\n\n\n\n\n \nEnquiries:\n \n\n\n\n\nFrontier Developments\n\n\n+44 (0)1223 394 300\n\n\n\n\nAlex Bevis, CFO\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNumis - Nomad and Joint Broker\n\n\n+44 (0)20 7260 1000\n\n\n\n\nSimon Willis/Jamie Lillywhite/Toby Adcock \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinncap\n\n\n+44 (0) 207 220 0500\n\n\n\n\nMatt Goode/Giles Rolls\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTulchan Communications\n\n\n+44 (0) 207 353 4200\n\n\n\n\nJames Macey White/Matt Low\n\n\n\n\n\n\n\n\n \nAbout Frontier Developments plc \nFrontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent game developer founded in 1994 by David Braben, co-author of the seminal 'Elite' game. Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games across videogame con...